RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2013

RELATED PARTY TRANSACTIONS [Text Block]

NOTE 8: RELATED PARTY TRANSACTIONS

During the three and nine months ended April 30, 2013, the Company had transactions with certain officers and directors of the Company as follows:

• Incurred $42,409 and $126,323 (three and nine months ended April 30, 2012: $39,455 and $90,315) in general and administrative costs paid to a company controlled by a direct family member of a current officer; and

• Incurred $9,000 and $27,000 (three and nine months ended April 30, 2012: $Nil) in consulting fees paid to a company controlled by a current director of the Company.

During the nine months ended April 30, 2012, the Company incurred $131,176 in consulting fees paid to a company controlled by a former director of the Company.

At April 30, 2013, amounts due to related parties totaled $25,292 (July 31, 2012: $47,443). These amounts are unsecured, non-interest bearing and due on demand.